IMF Staff Country Reports

Pakistan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, First Review Under the Resilience and Sustainability Facility, Request for a Waiver of Nonobservance of a Performance Criterion, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

December 11, 2025

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International Monetary Fund. Middle East and Central Asia Dept. "Pakistan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, First Review Under the Resilience and Sustainability Facility, Request for a Waiver of Nonobservance of a Performance Criterion, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Pakistan", IMF Staff Country Reports 2025, 332 (2025), accessed 12/12/2025, https://doi.org/10.5089/9798229032353.002

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Summary

Continued strong policy implementation has helped Pakistan
weather several shocks this year. Growth was stronger than anticipated in FY25, but the
recent floods moderately dampen the outlook for FY26. Financial conditions and
external balances have remained favorable, with Pakistan posting its first current
account surplus in 14 years in FY25 and reserve rebuilding continuing. Headline
inflation has been contained despite some flood-related food price increases.

Subject: Environment, Natural disasters, Public debt, Revenue administration

Keywords: Natural disasters